Gold at $1,400 an ounce

There is a growing inverse relationship between the US dollar and other major world currencies, and gold and other precious commodities. Gold has touched the $1,400 an ounce barrier. Silver and other commodities are on the upswing too.

More investors are realizing that the price of gold is not subject to certain intervention by governments, that the world monetary system many decades ago was based on the gold standard. As more global economic uncertainties surface, mainly coming from actual and potential fiscal crisis by many governments with huge public debt, many investors are parking their money in gold and similar commodities.